Nick marro

Joe Mcdonald Associated Press Published 10:55 AM EST Jan 14, 2019 Beijing – China’s 2018 trade surplus with the United States surged to a record $323.3 billion, but exports contracted in December as the delayed impact of President Donald Trump’s tariff hikes started to hurt demand. Exports to the United States in 2018 rose 11.3 percent to $478.4 billion despite Trump’s punitive duties in a fight over Chinese technology ambitions, customs data showed Monday. Imports of American goods rose just 0.7 percent over 2017, reflecting Beijing’s retaliatory tariffs and encouragement to importers to buy more from non-U.S. suppliers. In December, Chinese exports to the United States that had held up through much of the year fell 3.5 percent from a year earlier to $40.3 billion. Sales to the U.S. market had kept growing by double digits in previous months as Chinese exporters rushed to fill orders. But forecasters said American orders would slump once the full … [Read more...] about Chinese exports to US sank in Dec. as tariffs took a toll

Joe Mcdonald Associated Press Published 10:43 AM EST Jan 14, 2019 Beijing – China’s 2018 trade surplus with the United States surged to a record $323.3 billion, but exports contracted in December as the delayed impact of President Donald Trump’s tariff hikes started to hurt demand. Exports to the United States in 2018 rose 11.3 percent to $478.4 billion despite Trump’s punitive duties in a fight over Chinese technology ambitions, customs data showed Monday. Imports of American goods rose just 0.7 percent over 2017, reflecting Beijing’s retaliatory tariffs and encouragement to importers to buy more from non-U.S. suppliers. In December, Chinese exports to the United States that had held up through much of the year fell 3.5 percent from a year earlier to $40.3 billion. Sales to the U.S. market had kept growing by double digits in previous months as Chinese exporters rushed to fill orders. But forecasters said American orders would slump once the full … [Read more...] about Chinese exports to US sank in Dec. as tariffs take toll

Joe Mcdonald Associated Press Published 6:54 AM EST Jan 8, 2019 Beijing – Talks between the U.S. and China on ending their tariff war were ending a second day Tuesday without word on whether they’ve made any progress, as an official newspaper warned not to push Beijing too hard. China is strong and has its own needs, said the Global Times, published by the ruling Communist Party. Washington “cannot push China too far” and must avoid a situation that “spins out of control.” Negotiators began the talks Monday on the trade war launched by President Donald Trump in July with tariff hikes on Chinese goods in response to complaints that Beijing steals or pressures companies to hand over technology. Trump and Chinese President Xi Jinping agreed on Dec. 1 to postpone more tariff hikes on each other’s goods for 90 days while they negotiate. But neither side appears to have budged, and economists say three months is too little time to resolve … [Read more...] about No word on progress in China-US trade talks

Joe McDonald Associated Press Published 8:26 PM EST Dec 3, 2018 Beijing – Buy more U.S. exports? Done. Tinker with technology tactics that irk Washington and other trading partners? Maybe. But scrap those plans, seen by Beijing as a path to prosperity and influence? Probably never. The agreement by President Donald Trump and his Chinese counterpart Xi Jinping on a cease fire on tariffs postpones the threat of more disruption for China’s exporters and their Asian suppliers. Some economists said Xi might be ready to negotiate in earnest. Still, Beijing gave no sign of a changed stance on technology ambitions that Washington says violate Chinese market-opening obligations and might threaten U.S. industrial leadership. Trump’s complaints strike at the heart of the ruling Communist Party’s state-led economic model and plans to restore China to its rightful place as a political and culture leader by creating global champions in robotics and other fields. … [Read more...] about China gets U.S. tariff delay but tech unclear